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Automated Forex trading can be a powerful cash sucking machine, but is it right for you? Do you think you are ready for Automated Forex?

I remember my beginning trading days when information on trading was not as readily available as it is today. Internet was in its infancy and the best source of info was a local library and a few trading magazines and papers. However it didn’t take me too long to realize that Technical Analysis and TA tools if used in the way that majority of traders were using them was a sure way to lose a shirt.

If you want to make money consistently with minimum loss in forex trading, you must understand what is called price action. You will keep on turning your trading platform to money printing machine if you trade with price action.

Before you get started in Forex trading there are a few details you need to know about Forex. “Forex” is short for foreign exchange. In trading on the foreign exchange there are always two currencies involved. The combination of the two currencies is called a “currency pair” or “pair” for short.

Are you thinking about trying your hand at forex? Think you might have what it takes to be successful? Don’t fall in the same traps that so many before you have fallen into. Taken from successful and yet-to-be successful traders from all over the world, and some from my own book of forex blunders, here are 10 things most wish they’d known before they started to trade foreign exchange. Print this out and hang it right beside your computer monitor!

Price action trading is a simplistic approach to trade the forex markets that is free from the clutter and confusion of overly complicated indicator based systems. In another term, it is studying the patterns in which the forex trend moves over a period of time with or without the use of indicators.

You’ve heard the stories of suspect brokers snipping your profits. If this has happened to you or you suspect your broker of being less than accurate with his stop losses than you need to read this article before you lose another pip to those crooks.

When I look at the huge amount of cheap Forex robot software packages online, I am surprised anyone believes the laughable message, that you can get rich with no effort and only spend a hundred dollars or so. However a huge amount of people buy these robots and if you are considering doing so, think again becuase they all lose money. Let’s find out why.